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Aug 6th, 2022

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How to Sign with Stamp Tax Sharing Agreement

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

What is a tax sharing agreement?

A tax sharing agreement (TSA) is a contract created to clarify the economic expectations among members of a related group of corporations included in consolidated or combined reporting tax returns.

Why have a tax sharing agreement?

A TSA is an agreement between the head company and subsidiary members (contributing members). It can be used to allocate a group liability among a number of contributing members, provided that allocation is a reasonable allocation.

What is an indirect tax sharing agreement?

Indirect Tax Sharing Agreement (ITSA) An Indirect Tax Sharing Agreement is an agreement entered into between entities in a goods and services (GST) group or registered GST joint venture (Members) that enables Members to limit their share of any indirect tax liability payable by that group or joint venture.

How does a cost sharing arrangement work?

A cost sharing arrangement is an agreement under which the parties agree to share the costs of development of one or more intangibles in proportion to their shares of reasonably anticipated bene- fits from their individual exploitation of the interests in the intangibles as- signed to them under the arrangement.

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